Manuscript titled "Balancing Payment Gaps and Overdue delivery of Commercial Residential: Evidence from China"
2024-1-16
This study investigates the effect of payment gap on commercial residential overdue delivery. Using Chinese 174 overdue projects’ data form top 10 real estate firms. Our findings show that, notwithstanding the real estate enterprise provided a variety of payment approached, the overdue area has a significant impact on overdue. Additionally, we proposed a new financial perspective color clustering framework that could help real estate firms to predict the measure which contractors would take based on clustering and location in China. Furthermore, we find that the different region, color clustering the overdue status are dynamic. We suggest the supervisor department and real estate firms with debt defaulted would base on the principal of ‘new-and-old separation’ widely utilize pre-sale monitoring funds to fulfill the delivery responsibility.
Commercial residential, overdue delivery, payment gaps, new-and-old separation, Offsetting housing.
As a representative of a nationwide contractors (cscec.com) suppoted by a famous database supplier (ehconsulting.com.cn), we conducted the investigation of commercial residential projects from real estate firms that we cooperated with. The data was collected from our interviews and written data collecting with the upper management of the top 10 listed real estate firms in China.
R31; R38; G21; G32; G38; C38
Figure 2. The distribution of overdue delivery projects.